Long‑Term Care Cost Calculator

We cannot predict the future, but we could eventually need caregiving services on a long‑term basis. The cost of receiving these services can jeopardize not only our lifestyle but also our family's lifestyle and the financial security we've spent our lifetime establishing. This calculator is intended to help you better understand the costs of one such event, a long‑term care (LTC) event.

on a long‑term basis. The cost of receiving these services can jeopardize not only our lifestyle but also our family's lifestyle and the financial security we've spent our lifetime establishing. This calculator is intended to help you better understand the costs of one such event, a long-term care (LTC) event. Please adjust the sliders to the right to better understand the potential cost of a long‑term care event and how it can vary by age, place, and length of the event.

Your Current Age

Age at which

LTC Event

Occurs

Length of Care in Years

Home Health Care

Assisted Living

Nursing Facility

Overall Total

Home Health Care

Home Health Care

Assisted Living

Assisted Living

Nursing Facility

Nursing Facility

The purpose of this material is not for the marketing and solicitation of insurance but rather is an educational resource that provides information on the potential cost of services for a long-term care event and how that cost can vary.

Northwestern Long Term Care Insurance Company is a subsidiary of The Northwestern Mutual Life Insurance Company (Northwestern Mutual), Milwaukee, WI.

Source of cost of care by state is the Northwestern Long Term Care Cost of Care Survey. December 2019. Long Term Care Group, Inc.

Annual cost of home health aide based on average hourly rate, 8 hours a day, and 365 days a year. Annual cost of assisted living based on average monthly rate for 12 months. Annual cost of nursing facility based on average nursing home private daily room rate for 365 days.

*In California, "Assisted Living" is known as "Residential Care Facility".

Assumption is an estimate; actual inflation may be higher or lower than 5%.

Northwestern Mutual is the marketing name for The Northwestern Mutual Life Insurance Company and its subsidiaries. Life and disability insurance, annuities, and life insurance with long-term care benefits are issued by The Northwestern Mutual Life Insurance Company, Milwaukee, WI (NM). Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee, WI, (NLTC) a subsidiary of NM. Securities are offered through Northwestern Mutual Investment Services, LLC, (NMIS) a subsidiary of NM, broker-dealer, registered investment adviser, member FINRA and SIPC. Fiduciary and fee-based financial planning services are offered through Northwestern Mutual Wealth Management Company® (NMWMC), Milwaukee, WI, a subsidiary of NM and a federal savings bank. Products and services referenced are offered and sold only by appropriately appointed and licensed entities and financial advisors. Not all products and services are available in all states. Not all Northwestern Mutual representatives are advisors. Only those representatives with the titles "Financial Advisor" or "Wealth Management Advisor" are credentialed as NMWMC representatives to provide advisory services.